River Road Asset Management LLC Has $22.02 Million Holdings in TriMas Co. (NASDAQ:TRS)

River Road Asset Management LLC lifted its holdings in TriMas Co. (NASDAQ:TRS) by 6.7% in the 2nd quarter, Holdings Channel reports. The firm owned 725,895 shares of the industrial products company’s stock after buying an additional 45,609 shares during the quarter. River Road Asset Management LLC’s holdings in TriMas were worth $22,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRS. Bbva USA bought a new position in TriMas in the 2nd quarter worth $30,000. Federated Hermes Inc. increased its holdings in shares of TriMas by 122.8% during the 1st quarter. Federated Hermes Inc. now owns 3,164 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 1,744 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of TriMas by 22.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,761 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 866 shares during the period. Tudor Investment Corp Et Al bought a new position in shares of TriMas during the 1st quarter worth about $263,000. Finally, WINTON GROUP Ltd increased its holdings in shares of TriMas by 28.2% during the 2nd quarter. WINTON GROUP Ltd now owns 11,002 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 2,423 shares during the period. Hedge funds and other institutional investors own 97.45% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of TriMas from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a report on Wednesday, June 30th.

NASDAQ TRS opened at $29.60 on Wednesday. The stock has a market cap of $1.27 billion, a P/E ratio of -24.46 and a beta of 0.76. The company’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $31.47. TriMas Co. has a twelve month low of $22.42 and a twelve month high of $36.62. The company has a quick ratio of 1.95, a current ratio of 3.02 and a debt-to-equity ratio of 0.66.

TriMas (NASDAQ:TRS) last posted its earnings results on Wednesday, July 28th. The industrial products company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. The business had revenue of $218.99 million for the quarter, compared to analysts’ expectations of $223.83 million. TriMas had a negative net margin of 6.43% and a positive return on equity of 12.88%. Research analysts anticipate that TriMas Co. will post 2.3 earnings per share for the current year.

TriMas Company Profile

TriMas Corp. engages in the manufacture of industrial products for customers in the consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets. It operates through the following segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs and manufactures dispensing products, (including foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (including food lids, flip-top closures, child resistance caps, drum and pail closures and flexible spouts), polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer product markets including, but not limited to beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.

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Institutional Ownership by Quarter for TriMas (NASDAQ:TRS)

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